What is the difference between a creditors’ voluntary and a compulsory liquidation?

Posted By: James Elliott on 9th June 2017 under

A creditors’ voluntary liquidation,  is brought about by resolution of the Company through its directors and shareholders and is conducted by a qualified insolvency practitioner. A compulsory liquidation is brought about by an order of the court usually on a creditors’ petition and can be conducted by the Official Receiver or a qualified insolvency practitioner.